ChainCatcher news, according to Coindesk, the European Parliament approved the list of commissioners on Wednesday, which includes those responsible for overseeing digital asset regulation. Commissioners Stéphane Séjourné, Maria Luís Albuquerque, and Henna Virkkunen may bring cryptocurrencies under their jurisdiction.In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. Although cryptocurrencies are not the core topic of these positions, the committee will be responsible for ensuring the implementation of digital asset rules.Additionally, the EU's crypto assets market legislation MiCA will come into full effect at the end of December, so more work may be needed to ensure implementation.

ChainCatcher news, JAN3 founder Samson Mow recently spoke at the German Parliament about Bitcoin strategy, discussing the national-level applications of Bitcoin and its potential impact on the economy.

ChainCatcher news, according to the Korea Economic Daily, South Korean lawmaker Min Byoung-dug plans to criticize the AVAIL token as a "hamburger coin" during a parliamentary audit. The term "hamburger coin" refers to foreign cryptocurrencies listed on South Korean exchanges. Min Byoung-dug has requested data on suspicious AVAIL transactions on the cryptocurrency exchange Bithumb and is investigating the surge in listings, potential price manipulation, and the effectiveness of customer protection measures at the exchange.AVAIL is also implicated in overseas money laundering allegations, including accusations involving a user representative named "yieldfarming" who was banned from trading with foreign investors on Bithumb. In last year's audit, Min Byoung-dug also pointed out similar issues with cryptocurrencies and criticized the exchange for failing to adequately protect investors.

ChainCatcher news, according to the Financial Times, Musk may face a summons from the UK Parliament due to his role on the X platform.The social media giant has become a focus for lawmakers, who are pushing for him to take on the role of chair of a key House of Commons committee.

ChainCatcher news, Bitcoin Magazine stated on the X platform that a giant Bitcoin logo was projected onto the German parliament building.

ChainCatcher news, according to Cointelegraph, the European Parliament will elect a new European Commission this fall, which could have significant implications for cryptocurrency policy. Although the new commission will not take office until November at the earliest, several trends that may influence future regulation can already be identified.First, the political center in Europe is shifting to the right, which will affect various businesses.Second, policymakers are vying for influence over innovation policy, and future crypto policies may be more influenced by individuals rather than political parties.Third, innovation is becoming a pillar of policy in the coming years, with digital privacy and artificial intelligence identified as key focuses of EU policy.Experts suggest that before formulating new policies, the EU should ensure that existing rules are properly implemented. European leaders are seeking to enhance competitiveness, and supporting an innovation-friendly digital asset framework could help attract jobs and promote economic growth. Participants in the cryptocurrency industry should closely monitor these policy trends and prepare for potential regulatory changes.

ChainCatcher news, according to yesterday's official announcement, BNB Chain has successfully adapted and integrated the Ethereum client Erigon 3 with the Parlia consensus protocol. Parlia is the consensus mechanism used by BNB Chain (BSC), which combines the characteristics of DPoS and PoA, allowing BNB holders to elect validators for faster block times and lower transaction costs. The integration of Erigon 3 with Parlia will bring performance improvements to users. On the BSC testnet (Chapel), Erigon 3 has shown significant performance enhancements: disk usage has been reduced by 50%, and synchronization time has decreased from one week to about 10 hours.BNB Chain plans to release the mainnet version around September 30, 2024, while continuing to support Erigon 2 for a period to ensure a smooth transition. Currently, the Erigon 3 Alpha 2 version has been launched on the testnet, and users can test it and provide feedback.

ChainCatcher news, according to Coindesk, Malta's Member of the European Parliament and blockchain advocate Roberta Metsola has been re-elected as the President of the European Parliament.In 2018, Roberta, as a Member of the European Parliament from Malta, called for regulation of cryptocurrencies and blockchain where appropriate, without stifling innovation.

ChainCatcher news, Australian Member of Parliament Andrew Charlton stated at the 2024 Australian Blockchain Week held in Sydney that the country's productivity growth rate has reached a "fairly healthy" 2.1% in the 21st century, but it is now simply insufficient to sustain the basic growth of living standards. He supports increasing the adoption of blockchain in Australia, believing it can reverse the slow productivity growth seen over the past thirty years.Charlton said, "In the right environment and with the right regulations, the digital asset industry could bring up to $60 billion in revenue to the Australian economy each year." However, he expressed dissatisfaction with the Australian government's slow progress in formulating regulations for digital assets.

ChainCatcher news, according to CoinDesk, due to the unexpectedly poor results of the European Parliament elections, French President Macron has announced early parliamentary elections, with the two rounds of voting expected to take place on June 30 and July 7.Analysts believe that this election is unlikely to disrupt France's progress in the cryptocurrency industry. Last year, France registered 74 cryptocurrency companies, and this number is expected to jump to 100. French regulators have also been working to attract more digital asset companies recently.

ChainCatcher news, Bitfinex's derivatives head Jag Kooner stated that investors should pay attention to the upcoming EU elections next week for regulatory clues, which could have a significant impact on the overall cryptocurrency market in June and the following months. The upcoming EU elections are crucial for shaping EU legislation, particularly the implementation of the Markets in Crypto-Assets (MiCA) framework. Any outcome that may strengthen populist parties could, in turn, affect regulatory stances, potentially leading to stricter controls or more supportive policies, depending on the composition of the new parliament.Kooner stated: "A rightward shift could lead to stricter cryptocurrency controls, while a result that supports cryptocurrencies could accelerate the introduction of supportive regulations like MiCA."

ChainCatcher news, the ruling party in Turkey has submitted a draft cryptocurrency bill to parliament, focusing on licensing and registration issues for cryptocurrency service providers, and aligning with international standards.According to Reuters, the draft bill aims to update existing laws to comprehensively regulate the emerging cryptocurrency market. The main areas of focus for the bill include consumer protection, platform transparency, and compliance with financial regulations. The proposed regulations intend to regulate cryptocurrency trading platforms and other service providers in the sector, requiring them to obtain licenses from the Turkish Capital Markets Board.The draft law aims to manage cryptocurrency asset service providers that Turkish residents can participate in, the operation of cryptocurrency asset platforms, the storage of cryptocurrency assets, as well as the buying, selling, and transferring of cryptocurrency assets. The legislation also addresses the classification of cryptocurrencies and projects, ensuring compliance with existing financial regulations.

ChainCatcher news, the European Parliament has voted to pass a new set of laws tightening anti-money laundering and counter-terrorism financing measures across the EU. These laws target large cash payments, cryptocurrency companies, and football clubs, among others. In addition to creating a single rulebook for the 27 EU countries, the package approved on Thursday also establishes an anti-money laundering agency based in Frankfurt, responsible for overseeing the implementation of the relevant frameworks, particularly those that the EU deems most important.The new laws include strengthened due diligence measures and checks on customer identities, after which so-called obligated entities (such as banks, asset and cryptocurrency managers, or real estate and virtual real estate brokers) must report suspicious activities to financial intelligence units and other competent authorities.

ChainCatcher news, according to CoinDesk, the European Parliament has approved a series of new sanctions laws that also apply to cryptocurrencies. These new rules aim to ensure the uniform application of sanctions rules across the 27 member states of the EU in response to the growing concerns over violations of EU sanctions against Russia due to its invasion of Ukraine.It is reported that the new laws establish a consistent definition of sanctions violations, including failing to freeze assets, not adhering to travel bans or arms embargoes, transferring funds to sanctioned individuals, or conducting transactions with state-owned entities of sanctioned countries.

ChainCatcher news, according to Caixin, the EU is about to pass comprehensive and stringent artificial intelligence regulations. The European Parliament is scheduled to vote on this legislation on March 13, and one member stated that he expects the legislation to pass easily.According to the current timeline, the law will come into effect in 2026, with some provisions taking effect this year. The law will regulate different uses of artificial intelligence based on risk, including bans on certain use cases, such as "emotion recognition" systems in the workplace, which will face the highest fines: 7% of global revenue or 35 million euros, whichever is higher. The EU will not be the first jurisdiction to regulate artificial intelligence, but the scale of the European market means that the EU AI Act will have a global impact.

ChainCatcher news, according to Kenya's Business Daily, the 2023 Capital Markets (Amendment) Bill has been approved by the National Assembly's Finance and National Planning Committee. The bill defines crypto assets as securities and plans to impose capital gains tax on them. The bill will next be submitted to the lower house of Parliament.It is reported that the bill will tax cryptocurrency assets held in exchanges and digital wallets. Banks will deduct 20% value-added tax from all commissions and fees charged on transactions. If the bill is passed, Kenyan citizens will be obligated to declare all their cryptocurrency assets and their value in Kenyan Shillings to the Kenya Revenue Authority.

ChainCatcher news, according to CoinDesk, Turkey's Finance Minister Mehmet Şimşek told the Turkish Planning and Budget Committee that Turkey is in the "final stage" of submitting cryptocurrency legislation to Parliament, which is the last step to remove Turkey from the Financial Action Task Force (FATF) "grey list."Turkey has been on the "grey list" of the Paris-based global watchdog for money laundering and terrorist financing (FATF) since 2021, which has severely damaged confidence in the Turkish economy, already overshadowed by high inflation, making cryptocurrency very popular, "essentially becoming a savior."Simsek stated that Turkey has "complied with 39 out of the FATF's 40 standards." "We will submit a legal proposal on crypto assets to Parliament as soon as possible." After this, if there are no other political considerations, Turkey will have no reason to remain on the grey list.

ChainCatcher news, according to CoinDesk, the UK Parliament has passed the Economic Crime and Corporate Transparency Bill, which grants local police broader powers and allows them to seize cryptocurrency related to crime without a conviction. This bill covers a range of criminal activities from drug trafficking to cybercrime, and is expected to receive royal assent and come into effect on Thursday.

ChainCatcher news, according to local media in Kenya, the Kenyan government has established a parliamentary committee consisting of 15 members to investigate Worldcoin. The Speaker of the National Assembly of Kenya, Moses Wetangula, stated that the committee has 42 days to conduct the investigation and must report to the House afterward. Kenya's Interior Minister, Kindiki Kithure, revealed that relevant security, financial services, and protective agencies have begun inquiries and investigations to determine the legality of Worldcoin's activities.

ChainCatcher message, according to a research report titled "Regulatory Challenges of Digital Finance and Crypto Assets After MiCA" commissioned by European Parliament legislators, states that all crypto assets should be considered securities by default, meaning that crypto assets will be subject to the EU's strict governance and authorization rules applicable to traditional stocks and bonds, unless and until national regulatory authorities indicate otherwise.This study analyzes the necessity for the EU to adopt further financial regulation on decentralized finance following the implementation of crypto asset market regulation, with a particular focus on crypto lending, crypto collateral, crypto custody, NFTs, and more. The report was drafted by an academic group from universities in Luxembourg, Sydney, and Hong Kong at the request of the European Parliament. (Source link)